Civic Intelligence

T S Mcpheeters Trust FBO Westminster Theological Seminary

990 • Fiscal year 2016 • EIN 56-6354329

Jun 01, 2015 to May 31, 2016 • Filed on Sep 01, 2016

Organization ProfileN/A
PO Box 1802Providence, RI 02901-1802

(888) 866-3275

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

6th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2016

Net Margin

100th percentile

6560%

Higher net margin than 100% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Top Officer Pay

25th percentile

$58,588

Higher top officer pay than 25% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Asset Growth

16th percentile

-6.1%

Faster asset growth than 16% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets6th percentile

Assets

Down

$6,934,457

Down $452,624 (-6.1%) from 2015

Net Assets

Down

$6,934,457

Down $452,624 (-6.1%) from 2015

Liabilities

Flat

$0

Flat from 2015

Revenue And Expenses
Liabilities / RevenueScore unavailableNet Margin100th percentile

Revenue

Down

-$6,874

Down $517,877 (-101%) from 2015

Expenses

Up

$444,052

Up $10,224 (+2.4%) from 2015

Net Income

Down

-$450,926

Down $528,101 (-684%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth16th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$8.0M$6.0M$4.0M$2.0M$0Assets 2012: $6,341,743Liabilities 2012: $0Net Assets 2012: $6,341,7432012Assets 2013: $6,301,689Liabilities 2013: $0Net Assets 2013: $6,301,6892013Assets 2014: $7,249,691Liabilities 2014: $0Net Assets 2014: $7,249,6912014Assets 2015: $7,387,081Liabilities 2015: $0Net Assets 2015: $7,387,0812015Assets 2016: $6,934,457Liabilities 2016: $0Net Assets 2016: $6,934,4572016Assets 2017: $7,042,071Liabilities 2017: $0Net Assets 2017: $7,042,0712017Assets 2018: $6,637,004Liabilities 2018: $0Net Assets 2018: $6,637,0042018Assets 2019: $6,921,934Liabilities 2019: $0Net Assets 2019: $6,921,9342019Assets 2020: $6,540,656Liabilities 2020: $0Net Assets 2020: $6,540,6562020Assets 2021: $6,898,790Liabilities 2021: $0Net Assets 2021: $6,898,7902021Assets 2022: $6,914,338Liabilities 2022: $0Net Assets 2022: $6,914,3382022Assets 2023: $6,730,332Liabilities 2023: $0Net Assets 2023: $6,730,3322023Assets 2024: $6,382,563Liabilities 2024: $0Net Assets 2024: $6,382,5632024

Highlighted filing

2016

Assets$6,934,457
Liabilities$0
Net Assets$6,934,457
Open 2016 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.5M$1.0M$500K$0-$500KRevenue 2012: $274,644Expenses 2012: $373,742Net Income 2012: -$99,0982012Revenue 2013: $352,653Expenses 2013: $394,659Net Income 2013: -$42,0062013Revenue 2014: $1,238,625Expenses 2014: $412,507Net Income 2014: $826,1182014Revenue 2015: $511,003Expenses 2015: $433,828Net Income 2015: $77,1752015Revenue 2016: -$6,874Expenses 2016: $444,052Net Income 2016: -$450,9262016Revenue 2017: $711,023Expenses 2017: $443,803Net Income 2017: $267,2202017Revenue 2018: $383,214Expenses 2018: $471,300Net Income 2018: -$88,0862018Revenue 2019: $200,438Expenses 2019: $444,908Net Income 2019: -$244,4702019Revenue 2020: $19,451Expenses 2020: $422,320Net Income 2020: -$402,8692020Revenue 2021: $765,317Expenses 2021: $409,369Net Income 2021: $355,9482021Revenue 2022: $427,737Expenses 2022: $414,518Net Income 2022: $13,2192022Revenue 2023: $246,770Expenses 2023: $425,415Net Income 2023: -$178,6452023Revenue 2024: $74,312Expenses 2024: $423,098Net Income 2024: -$348,7862024

Highlighted filing

2016

Revenue-$6,874
Expenses$444,052
Net Income-$450,926
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jun 1, 2015 to May 31, 2016
Signed
Sep 1, 2016
Return Version
2015v2.0
Gross Receipts
$2,501,091
Mission and Program Overview

Mission

Invest assets and provide funds for the support of the westminster theological seminary

Invest assets and provide funds for the support of the westminster theological seminary.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$1,085,392$6,934,457▲ $5,849,065
Cap Stk Tr Prin Current Funds$6,301,689--
Investments Other Securities$4,365,049$3,889,194▼ $475,855
Investments in Publicly Traded Securities$2,850,591$2,818,609▼ $31,982
Savings and Temporary Cash Investments$171,441$226,654▲ $55,213
Total Assets$7,387,081$6,934,457▼ $452,624
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$7,387,081$6,934,457▼ $452,624
Total Liabilities and Net Assets / Fund Balance$7,387,081$6,934,457▼ $452,624

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$3,636,762--
Compensation and Service Providers
Top Officer Pay25th percentile

Employees

NameTitleBaseTotal
-Trustee$58,588$58,588
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$-6,874
Other Revenue
$0
Change in Net Assets
$-450,926
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$373,931
Salaries, Compensation, and Employee Benefits$58,588
Other Expenses$11,533
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$373,931--$373,931
Current Officers, Directors, Trustees, and Key Employees$23,435$35,153-$58,588
All Other Expenses-$8,433-$8,433
Fees for Services Accounting-$3,100-$3,100
Total Functional Expenses$397,366$46,686$0$444,052
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Westminster Theological SeminaryPhiladelphia, PA170(b)(1)(A)(ii)General Purposes Support$373,931
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

EXPLANATION FOR FORM 990, PAGE 6, PART VI, LINE 8A

“When decisions are made they are documented in the permanent file.”

Form 990, Page 6, Part VI, Line 11-description of Process for Review

“This organization is formed as a trust under state law, and Bank of America is corporate trustee. Form 990 is prepared by Bank of America tax professionals under the direct supervision of a corporate officer of the sole trustee.”

EXPLANATION FOR FORM 990, PAGE 6, PART VI, LINE 12C

“Annual statement of compliance signed and documented by all employees of the corporate fiduciary.”

Filing and Contact Details

Filer

Filer Name
Tua Ts Mcpheeters-westminster
EIN
56-6354329
Phone
8888663275
Address
PO BOX 1802, PROVIDENCE, RI 02901-1802

Signing Officer

Name
Bank of America N a
Title
SVP Tax
Phone
8888663275
Signed
2016-09-01

Organization Details

Formed
1989
Legal Domicile
Nc
Voting Board Members
0
Independent Board Members
0
Employees
0
Supplemental Narrative

Additional Explanations

Description of Process for Determining Compensation

“Trustee fees per applicable compensation schedule and state law requirements.”

Description of Process for Determining Compensation

“Trustee fees per applicable compensation schedule and state law requirements.”

Description for Making Documents Public

“The organization, and the Bank as corporate fiduciary, make governing documents, conflicts of interest policy, and financial statements available to the public as required by federal and state laws.”

Explanation for Form 990, Part XI, Line 9

“cost adjustments $(5,390); common trust fund adjustment $(81,906) ;sales adjustments $23475; partnership adjustment $62125”

Raw XML Appendix358 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0The trustee of the McPheeters Trust, Bank of America, and the supporte d organization, Westminster Theological Seminary, have conducted regul ar, quarterly meetings since the trust's inception. during these meet ings, the income and investmens are reviewed, and asset allocation, in come, and spending needs of the Seminary are discussed
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1In addition to the Mcpheeters Trust, Bank of America also provides inv estment managment services for the Seminary's endowment and income fun ds. The investments of all accounts of which the Seminary is benefici ary are discussed and coordinated at regular meetings
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt2The Seminary meets with the trustee to discuss its budget, spending re quirements and available funding for the year. The trustee discusses investments and expected income generation, and the Seminary approves the recommended plans.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Schedule A, Part IV, Section D
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1Schedule A, Part IV Section D
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc2Schedule A, Part V, Section D
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IRS990ScheduleA/MinimumAssetAmountGrp/TotalMinimumAssetGrp/PriorYearAmt0268896
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0231352689
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd0true
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd01
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0WESTMINSTER THEOL SEM
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType3NonFuncInd0X
IRS990ScheduleA/SupportSumAmt00
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt0252432
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt13636762
IRS990ScheduleD/OtherSecuritiesGrp/Desc0POWERSHARES DB COMMODITY
IRS990ScheduleD/OtherSecuritiesGrp/Desc1COMMON TRUST FUNDS
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1C
IRS990ScheduleD/TotalBookValueSecuritiesAmt03889194
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt0373931
IRS990ScheduleI/RecipientTable/IRCSectionDesc0170(b)(1)(A)(ii)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0GENERAL PURPOSES SUPPORT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0WESTMINSTER THEOLOGICAL SEMINARY
IRS990ScheduleI/RecipientTable/RecipientEIN0231352689
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0PO BOX 27009
IRS990ScheduleI/RecipientTable/USAddress/CityNm0PHILADELPHIA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0PA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd0191180009
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0VERIFICATION OF TAX EXEMPT STATUS AND APPROPRIATE USE OF FUNDS PER TRUST DOCUMENT PROVISIONS.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0EXPLANATION FOR FORM 990, SCHEDULE I, PART 1, LINE 2
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0When decisions are made they are documented in the permanent file.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1This organization is formed as a trust under state law, and Bank of America is corporate trustee. Form 990 is prepared by Bank of America tax professionals under the direct supervision of a corporate officer of the sole trustee.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Annual statement of compliance signed and documented by all employees of the corporate fiduciary.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Trustee fees per applicable compensation schedule and state law requirements.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Trustee fees per applicable compensation schedule and state law requirements.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5The organization, and the Bank as corporate fiduciary, make governing documents, conflicts of interest policy, and financial statements available to the public as required by federal and state laws.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6cost adjustments $(5,390); common trust fund adjustment $(81,906) ;sales adjustments $23475; partnership adjustment $62125
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0EXPLANATION FOR FORM 990, PAGE 6, PART VI, LINE 8a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11-DESCRIPTION OF PROCESS FOR REVIEW
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2EXPLANATION FOR FORM 990, PAGE 6, PART VI, LINE 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3DESCRIPTION OF PROCESS FOR DETERMINING COMPENSATION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4DESCRIPTION OF PROCESS FOR DETERMINING COMPENSATION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5DESCRIPTION FOR MAKING DOCUMENTS PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6EXPLANATION FOR FORM 990, PART XI, LINE 9
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NC
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt07387081
IRS990/TotalAssetsEOYAmt06934457
IRS990/TotalAssetsGrp/BOYAmt07387081
IRS990/TotalAssetsGrp/EOYAmt06934457
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt046686
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0397366
IRS990/TotalFunctionalExpensesGrp/TotalAmt0444052
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt07387081
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt06934457
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0397366
IRS990/TotalReportableCompFromOrgAmt058588
IRS990/TotalRevenueGrp/ExclusionAmt0171132
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0-6874
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt07387081
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt06934457
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationTrustInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt00
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02016-12-15 16:53:06Z
ReturnHeader/BusinessOfficerGrp/PersonNm0BANK OF AMERICA N A
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0SVP Tax
ReturnHeader/BusinessOfficerGrp/PhoneNum08888663275
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-09-01
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0TUA TS MCPHEETERS-WESTMINSTER
ReturnHeader/Filer/BusinessNameControlTxt0MCPH
ReturnHeader/Filer/EIN0566354329
ReturnHeader/Filer/PhoneNum08888663275
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 1802
ReturnHeader/Filer/USAddress/CityNm0PROVIDENCE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0RI
ReturnHeader/Filer/USAddress/ZIPCd0029011802
ReturnHeader/ReturnTs02016-09-01T15:00:25-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-06-01
ReturnHeader/TaxPeriodEndDt02016-05-31
ReturnHeader/TaxYr02015

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$6,934,457
Liabilities
$0
Net assets
$6,934,457
Revenue
-$6,874
Expenses
$444,052
Net income
-$450,926
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.38$0.00$6.38$0.07$0.42$0.35
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.73$0.00$6.73$0.25$0.43$0.18
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.91$0.00$6.91$0.43$0.41$0.01
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.90$0.00$6.90$0.77$0.41$0.36
2020Summary only. Only limited summary data is available for this year.$6.54$0.00$6.54$0.02$0.42$0.40
2019Summary only. Only limited summary data is available for this year.$6.92$0.00$6.92$0.20$0.44$0.24
2018Summary only. Only limited summary data is available for this year.$6.64$0.00$6.64$0.38$0.47$0.09
2017Summary only. Only limited summary data is available for this year.$7.04$0.00$7.04$0.71$0.44$0.27
2016Detailed filing. Detailed filing data is available for this year.$6.93$0.00$6.93$0.01$0.44$0.45
2015Summary only. Only limited summary data is available for this year.$7.39$0.00$7.39$0.51$0.43$0.08
2014Summary only. Only limited summary data is available for this year.$7.25$0.00$7.25$1.24$0.41$0.83
2013Summary only. Only limited summary data is available for this year.$6.30$0.00$6.30$0.35$0.39$0.04
2012Summary only. Only limited summary data is available for this year.$6.34$0.00$6.34$0.27$0.37$0.10